OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

What a load of crapola that was. Warning us that our consumption would over take production, and it would be the end of the world. Obviously it was I’m-propaganda to make us turn to wasting our tax money and investment money on green energy related welfare jobs.

Twilight in the Desert  is a book by American investment banker Matthew Simmons.^[1][2] The text was initially published on June 10, 2005

Description, book.

“Twilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations.

He uncovers a story about Saudi Arabia’s troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. It’s a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety.

Twilight in the Desert answers all readers’ questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.”

Oil in 2006 $80/bbl

http://www.mrci.com/pdf/cl.pdf

Comment: Do not believe anything or take for granted, anything from their media. The author with the right credentials was probably chosen by TPTB to create and spread the I’m-propaganda.

TWILIGHT IN THE DESERT, MY ASS

part: “He was wrong in his shrill predictions about US gas “going over a cliff”. He predicted a catastrophic drop in US natural gas production by summer 2005. That never transpired, and in summer 2008 US gas production is *rising* at a rapid clip”

http://peakoildebunked.blogspot.com/2008/10/379-twilight-in-desert-my-ass.html

Buygold was right, I needed a lesson in humility and today was as good as any to go back to school. 🙂

Thought I seen the future on Friday, but I was wrong. Just added enough JDST to cover my JNUG from Friday so the trading account is for all practicable purposes in a ‘Neutral’ position. Could still lose or make a couple hundred either way, but should avoid a total trading disaster. (One hopes. lol)

Got some things to do so the day will not be complete loss of time. Check back around 3:00 this afternoon to see if anything has changed and try to figure out where we might go tomorrow.

Like the song says, some days are diamonds, some are….well, ya know.

Hecla Reports First Quarter 2017 Results

For Period Ended: March 31, 2017

COEUR D’ALENE, Idaho–(BUSINESS WIRE)–May 8, 2017–Hecla Mining Company (NYSE:HL) (Hecla or the Company) today announced first quarter financial and operating results.

FIRST QUARTER 2017 HIGHLIGHTS
Net income applicable to common stockholders of $26.7 million, or $0.07 per basic share.
Adjusted net income applicable to common stockholders of $16.7 million, or $0.04 per basic share. 1
Sales of $142.5 million.
Cash provided by operating activities of $38.3 million.
Adjusted EBITDA of $53.9 million and net debt/adjusted EBITDA (last 12 months) of 1.1x. 2,3
Free cash flow of $16.6 million. 4
Cost of sales and other direct production costs and depreciation, depletion and amortization (“cost of sales”) of $107.6 million.
Silver cash cost, after by-product credits, of $0.84 per ounce, the lowest in over five years. 5
All in sustaining cost (AISC), after by-product credits, of $7.60 per silver ounce. 6
Cash and cash equivalents and short-term investments of $213.3 million.

“We have started 2017 with strong sales, net income and free cash flow, and our silver margins remain among the top in the industry, driving an increase in cash balances and strengthening our balance sheet,” said Phillips S. Baker, Jr., President and CEO. “While the increase of cost of sales over last year reflected the higher throughput from the Casa Berardi open pit operations, our cash cost, after by-product credits, declined 73% to $0.84 per silver ounce and our AISC, after by-product credits, declined 24% to $7.60 per silver ounce. For the remainder of 2017, our focus is on growing reserves and resources, investing in new technologies that will increase productivity, mine life and margins, and advancing the underground at San Sebastian as well as optimizing the open pits at Casa Berardi. In addition, we are focused on working to end the strike at Lucky Friday. In the meantime, we are suspending our Lucky Friday and Company-wide estimates for silver production and cost, until it is resolved.”

cont. https://seekingalpha.com/filing/3537627?uprof=46&utoken=d650f8aac714ca5c83e0eb64944ee22a

There are two hours each morning full of sound and fury, that usually mean little to a PM Investor/Trader.

The first hour of unimportant, is the Crimex open from 08:30-09:30, where more often than not is a daily dose of beat down.

The second hour that often means little is the Stock Market open from 09:30-10:30. Again full of headlines, criers of the Wizards of Wall st, and again, usually changes before the market close.

What often works for me is to ignore these two hours, and then see where the market(s) want to go on their  own.

A little after 10:30 I will have to make the call to either double down the JNUG, or jump trains to the ‘Dark Side’ with some JDST.

Let the dust settle a little, and perhaps a more clear picture will emerge. Lets hope.

MACBETH
She should have died hereafter;
There would have been a time for such a word.
To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day
To the last syllable of recorded time,
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life’s but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more: it is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.

My understanding of how the European Union, and the common currency of the Euro, came into being was not that citizens of 10 countries voted to join the abrogation, but that their politicians sold (gave away) their nations sovereignty and individual rights by signing away, through various ‘Treaties’, these important national rights.

The people of France just had the opportunity to take back their Country, and their Freedoms. I am truly sad for them as a long history of Freedom and Pride has apparently come to an end.

The champagne must be flowing at the tables of the Elites this morning.

Goodbye France, we loved you well. We will try to keep the ideas of that Statue you once gifted us alive and well. The famous passing of ‘The Torch’ if you will.

ICE AGE BRITAIN: River Thames will FREEZE OVER on ‘this date’ – and could kill millions

http://www.dailystar.co.uk/news/latest-news/611671/ice-age-britain-freeze-climate-change-weather

We still have a chance today in picking up a few bucks. Obviously the Gold & Silver prices are not breaking any new  ground, so lets put that engine at the rear of the Gold Train for now.  If we can get a similar day to last Friday, where the Pm prices did very little, but the mining stocks ease up a couple percent, we gonna be alright. Come to think of it, maybe that is the best way to inch our way out of this Gorge, let the miners lead the way ? Might make for a stronger recovery?

Forgot to pick up the dog food yesterday while doing the grocery shopping so have to run to the store. Should be back in time for the opening bell. You and Maya try not to run the Train into the river while I make a run.

🙂

Probably a good thing as the USD is a bit stronger.

So Macron’s election was a big nothing burger.

Yeah, they got us deep in the canyon, but we’ll find the way out… Cruising thru the Royal Gorge
http://railpictures.net/photo/610046